Dell Technologies Inc. (NYSE:DELL) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of Dell Technologies Inc. (NYSE:DELL) have been given a consensus rating of “Moderate Buy” by the fifteen analysts that are covering the company, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, one has given a hold recommendation and thirteen have issued a buy recommendation on the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $135.81.

Several research analysts have recently commented on the company. Sanford C. Bernstein lifted their price objective on Dell Technologies from $120.00 to $155.00 and gave the stock an “outperform” rating in a report on Monday, May 20th. Loop Capital lifted their price objective on Dell Technologies from $125.00 to $185.00 and gave the stock a “buy” rating in a report on Tuesday, May 28th. UBS Group lifted their price objective on Dell Technologies from $113.00 to $141.00 and gave the stock a “buy” rating in a report on Friday, April 19th. Wells Fargo & Company boosted their price target on Dell Technologies from $170.00 to $175.00 and gave the company an “overweight” rating in a report on Friday, May 31st. Finally, TD Cowen boosted their price target on Dell Technologies from $105.00 to $155.00 and gave the company a “hold” rating in a report on Friday, May 31st.

Dell Technologies Stock Up 5.0 %

Shares of DELL stock opened at $145.94 on Tuesday. The business has a 50-day moving average price of $140.88 and a two-hundred day moving average price of $113.50. Dell Technologies has a 12-month low of $52.05 and a 12-month high of $179.70. The firm has a market cap of $103.51 billion, a P/E ratio of 29.78, a price-to-earnings-growth ratio of 1.72 and a beta of 0.92.

Dell Technologies (NYSE:DELL) last issued its quarterly earnings results on Thursday, May 30th. The technology company reported $1.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.00 by $0.04. The firm had revenue of $22.24 billion during the quarter, compared to analyst estimates of $21.70 billion. Dell Technologies had a negative return on equity of 173.72% and a net margin of 4.00%. As a group, research analysts expect that Dell Technologies will post 6.85 EPS for the current fiscal year.

Dell Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 2nd. Shareholders of record on Tuesday, July 23rd will be given a dividend of $0.445 per share. The ex-dividend date is Tuesday, July 23rd. This represents a $1.78 annualized dividend and a yield of 1.22%. Dell Technologies’s payout ratio is 36.33%.

Insider Transactions at Dell Technologies

In other news, Director David W. Dorman sold 75,000 shares of the business’s stock in a transaction that occurred on Thursday, June 13th. The stock was sold at an average price of $135.26, for a total value of $10,144,500.00. Following the sale, the director now directly owns 114,317 shares of the company’s stock, valued at approximately $15,462,517.42. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, Director David W. Dorman sold 75,000 shares of the business’s stock in a transaction that occurred on Thursday, June 13th. The stock was sold at an average price of $135.26, for a total value of $10,144,500.00. Following the sale, the director now directly owns 114,317 shares of the company’s stock, valued at approximately $15,462,517.42. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director V (Gp) L.L.C. Slta sold 8,493 shares of the business’s stock in a transaction that occurred on Wednesday, July 3rd. The stock was sold at an average price of $146.80, for a total value of $1,246,772.40. Following the completion of the sale, the director now directly owns 731,612 shares in the company, valued at $107,400,641.60. The disclosure for this sale can be found here. Insiders have sold a total of 6,012,239 shares of company stock valued at $812,203,994 in the last ninety days. 46.70% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Dell Technologies

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Massmutual Trust Co. FSB ADV lifted its position in Dell Technologies by 58.2% in the 1st quarter. Massmutual Trust Co. FSB ADV now owns 223 shares of the technology company’s stock valued at $25,000 after acquiring an additional 82 shares in the last quarter. New Covenant Trust Company N.A. bought a new position in Dell Technologies in the 1st quarter valued at approximately $30,000. Central Bank & Trust Co. bought a new position in Dell Technologies in the 1st quarter valued at approximately $34,000. Jones Financial Companies Lllp purchased a new stake in Dell Technologies during the 4th quarter valued at $25,000. Finally, EntryPoint Capital LLC raised its stake in Dell Technologies by 748.7% during the 1st quarter. EntryPoint Capital LLC now owns 331 shares of the technology company’s stock valued at $38,000 after buying an additional 292 shares during the last quarter. 38.10% of the stock is owned by institutional investors.

About Dell Technologies

Dell Technologies Inc designs, develops, manufactures, markets, sells, and supports various comprehensive and integrated solutions, products, and services in the Americas, Europe, the Middle East, Asia, and internationally. The company operates through two segments, Infrastructure Solutions Group (ISG) and Client Solutions Group (CSG).